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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 3,028 $ 4,903
Interest-bearing deposits and other short-term investments 40,202 38,394
Total cash and cash equivalents 43,230 43,297
Restricted cash for securitization investors 441 458
Securities available for sale (amortized cost of $93.0 billion and $88.1 billion and allowance for credit losses of $4 million as of both December 31, 2024 and 2023) 83,013 79,117
Loans held for investment:    
Total loans held for investment 327,775 320,472
Allowance for credit losses (16,258) (15,296)
Net loans held for investment 311,517 305,176
Loans held for sale ($87 million and $347 million carried at fair value as of December 31, 2024 and 2023, respectively) 202 854
Premises and equipment, net 4,511 4,375
Interest receivable 2,532 2,478
Goodwill 15,059 15,065
Other assets 29,639 27,644
Total assets 490,144 478,464
Liabilities:    
Interest payable 666 649
Deposits:    
Non-interest-bearing deposits 26,122 28,024
Interest-bearing deposits 336,585 320,389
Total deposits 362,707 348,413
Securitized debt obligations 14,264 18,043
Other debt:    
Federal funds purchased and securities loaned or sold under agreements to repurchase 562 538
Senior and subordinated notes 30,696 31,248
Other borrowings 29 27
Total other debt 31,287 31,813
Other liabilities 20,436 21,457
Total liabilities 429,360 420,375
Commitments, contingencies and guarantees (see Note 19)
Stockholders’ equity:    
Preferred stock (par value $0.01 per share; 50,000,000 shares authorized; 4,975,000 shares issued and outstanding as of both December 31, 2024 and 2023) 0 0
Common stock (par value $0.01 per share; 1,000,000,000 shares authorized; 702,224,674 and 696,242,668 shares issued as of December 31, 2024 and 2023, respectively; 381,230,343 and 380,389,609 shares outstanding as of December 31, 2024 and 2023, respectively) 7 7
Additional paid-in capital, net 36,428 35,541
Retained earnings 64,505 60,945
Accumulated other comprehensive loss (9,286) (8,268)
Treasury stock, at cost (par value $0.01 per share; 320,994,331 and 315,853,059 shares as of December 31, 2024 and 2023, respectively) (30,870) (30,136)
Total stockholders’ equity 60,784 58,089
Total liabilities and stockholders’ equity 490,144 478,464
Unsecuritized loans held for investment    
Cash and cash equivalents:    
Total cash and cash equivalents 22,630 25,647
Loans held for investment:    
Total loans held for investment 298,241 289,229
Other assets 2,537 2,526
Total assets 91,439 89,215
Other debt:    
Senior and subordinated notes 30,247 30,817
Other liabilities 408 309
Total liabilities 30,655 31,126
Stockholders’ equity:    
Total stockholders’ equity 60,784 58,089
Total liabilities and stockholders’ equity 91,439 89,215
Loans held in consolidated trusts    
Loans held for investment:    
Total loans held for investment 29,534 31,243
Total assets 31,812 33,288
Other debt:    
Total liabilities $ 14,788 $ 18,746